APJ Solicitors could help you gain thousands in compensation if you were promised guaranteed high returns that never surfaced
Global Plantations Limited invested in forestry investments in Malaysia and Bali. The investment model, based on the planting, cultivation and harvesting of trees, was pitched to investors as a secure, high-yield and environmentally-friendly opportunity. However, the investment was not as secure as it was made to seem, as the trees were still at risk from timber diseases, pests, natural disasters, bad weather, changing prices of timber and local political changes.
In June 2017, Global Plantations Limited entered into insolvency proceedings. The liquidation of the company left investors unsure of the value of their investment, with many at risk of losing considerable sums they had invested through self-invested personal pensions (SIPPS).
As Global Plantations Limited investments were high risk, and illiquid, they weren’t suitable for ordinary investors looking to grow a pension pot. In these cases, it is possible for customers to seek compensation.